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Tycoon Gordon Tang To Buy Out Singapore’s Suntec REIT In Deal Valued At $2.5 Billion
Property tycoon Gordon Tang and his wife Celine have offered to buy out shares of Singapore-listed Suntec REIT in a deal valuing one the biggest office landlords in the financial hub at $2.5 billion.
Property tycoon Gordon Tang and his wife Celine have offered to buy out shares of Suntec REIT—which owns stakes in some of Singapore’s prime commercial properties in and around the Marina Bay financial district—in a deal valuing the landlord at over S$3.4 billion ($2.5 billion).
Through their investment vehicle Aelios, the couple bought an additional 62.5 million Suntec REIT shares at S$1.16 on Thursday, raising their stake in the company to 31.5%, above the 30 threshold that triggers a
Gordon & Celine Tang, John Lim, Kuok Khoon Hong, Real estate, REITs, Ron Sim, Singapore, Suntec City, Suntec REIT
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